National Bureau of Statistics: Profit of industrial enterprises above the national scale increased by 0.1% from January to November 2025

The Zhitong Finance App learned that according to data from the National Bureau of Statistics, from January to November, industrial enterprises above the national scale achieved a total profit of 6626.86 billion yuan, an increase of 0.1% over the previous year.

From January to November, among industrial enterprises above scale, state-owned enterprises achieved total profit of 2008 360 billion yuan, a year-on-year decrease of 1.6%; joint-stock enterprises achieved total profit of 4956.56 billion yuan, a decrease of 0.4%; foreign and Hong Kong, Macao and Taiwan investors achieved total profit of 1635.53 billion yuan, an increase of 2.4%; and private enterprises achieved total profit of 1931.99 billion yuan, a decrease of 0.1%.

From January to November, the mining industry achieved a total profit of 789.63 billion yuan, a year-on-year decrease of 27.2%; the manufacturing industry achieved a total profit of 5031.79 billion yuan, an increase of 5.0%; and the electricity, heat, gas and water production and supply industry achieved a total profit of 805.44 billion yuan, an increase of 8.4%.

From January to November, the profit situation of major industries was as follows: computer, communications and other electronic equipment manufacturing profits increased 15.0% year on year, electricity, heat production and supply industry increased 11.8%, the automobile manufacturing industry grew 7.5%, the agricultural and sideline food processing industry grew 4.8%, the special equipment manufacturing industry grew 4.6%, the electrical machinery and equipment manufacturing industry increased 4.2%, the petroleum, coal and other fuel processing industry decreased year-on-year losses, and the non-metallic mineral products industry decreased 4.6%. The chemical raw materials and chemical products manufacturing industry declined by 6.9%, the textile industry by 8.2%, the oil and gas extraction industry by 13.6%, and the coal mining and washing industry by 47.3%.

From January to November, large-scale industrial enterprises achieved operating income of 125.34 trillion yuan, an increase of 1.6% year on year; operating costs of 107.17 trillion yuan, an increase of 1.8%; profit margin on operating income was 5.29%, down 0.08 percentage points year on year.

At the end of November, the total assets of large-scale industrial enterprises were 189.28 trillion yuan, up 4.8% year on year; total liabilities were 109.96 trillion yuan, up 5.0%; total owners' equity was 79.32 trillion yuan, up 4.5%; and the balance ratio was 58.1%, up 0.1 percentage points year on year.

At the end of November, accounts receivable from large-scale industrial enterprises were 28.40 trillion yuan, an increase of 5.5% over the previous year; inventory of finished products was 6.92 trillion yuan, an increase of 4.6%.

From January to November, the cost per 100 yuan of operating income for large-scale industrial enterprises was 85.50 yuan, an increase of 0.18 yuan over the previous year; the cost per 100 yuan operating income was 8.39 yuan, a decrease of 0.06 yuan over the previous year.

At the end of November, the operating income achieved by large-scale industrial enterprises per 100 yuan of assets was 74.4 yuan, a year-on-year decrease of 2.4 yuan; per capita operating income was 1.865 million yuan, an increase of 57,000 yuan; the number of inventory turnover days for finished products was 20.5 days, an increase of 0.6 days; and the average payback period for accounts receivable was 70.4 days, an increase of 3.7 days over the previous year.

In November, the profits of large-scale industrial enterprises fell 13.1% year on year.

This article was edited by the National Bureau of Statistics, Zhitong Finance Editor: Li Junyi.